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Actis backs African credit bureau Compuscan

24 Apr 2014

africa-tanzania_sqEmerging markets-focused investment firm Actis has bought Africa’s largest independent credit bureau Compuscan.

Actis will invest in the business via its new buy-and-build unit Credit Services Holdings alongside Compuscan’s management team.
The firm said that it plans to invest $100m in the platform.

Compuscan provides credit data, decision analytics services and training to more than 3,500 clients including banks, telecommunications companies, retailers, microcredit institutions and insurers in several African countries.

Director in Actis’s Johannesburg office Jonathan Matthews said, “Actis is backing an excellent and entrepreneurial management team led by CEO Remo Lenisa and we are delighted to attract Michael Jordaan to help build the brand and take it to the next stage of growth.

“Only 5 per cent of adults in Africa are covered by credit bureaus compared with 64 per cent in OECD countries, and many countries are still without the necessary bureau infrastructure. We are excited to be investing in Compuscan and making the first steps towards bridging that gap.”

Earlier this week Actis invested in mobile monetisation company Upstream, which works with mobile operators, e-commerce brands and app developers in 40 markets.

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